About this pair
AED/MXN: what to know
The AED/MXN rate shows how much MXN you get for 1 AED. Right now, 1 AED buys 4.6237 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.2163 AED.
In the short term AED is driven mainly by its peg to the US dollar, while MXN responds to the US economy and capital flows.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.